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    516-522 E Raymond Street

    Indianapolis, IN 46203
    • $310,000
    • STATUS: Pending
    • ON SITE: 449 days
    • MLS #: 21694369
    Under Contract
    UPDATED: 45 min ago
    $310,000
    • 0
      BEDS
    • 0.29
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Multi-Family
    Built:
    1951
    County:

    School Ratings & Info

    School District:

    Description

    Great income producing property with a diversified tenant base. Average number of years for tenant base is approx. 4 yrs. High CAP rate 12-14%. Purchase Price is approx. $37 per sq ft. Consistent monthly income even during COV-19. Main building has 5 residential units plus a catering kitchen that is Board of Health approved. The main building has an additional unit that needs finished. The single family home is leased plus there is a vacate lot for future parking needs. Tenants have access to large paved parking lot off East St via parking agreement.

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    © 2021 Metropolitan Indianapolis Board of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the BLC® listing service or The Indy Property Source | Keller Williams Realty.
    www.theindypropertysource.com/homes/103195228
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    516-522 E Raymond Street Indianapolis, IN 46203

    • Price: $310,000
    • Status: Pending
    • Updated: 45 min ago
    • MLS #: 21694369
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.29
    Acres
    1951
    Built
    Neighborhood:
    B Mussmans Raymond St Sub
    County:
    Marion
    Area:
    4913 - Marion - Center Se
    School District:
    Indianapolis Public Schools
    Property Description
    Great income producing property with a diversified tenant base. Average number of years for tenant base is approx. 4 yrs. High CAP rate 12-14%. Purchase Price is approx. $37 per sq ft. Consistent monthly income even during COV-19. Main building has 5 residential units plus a catering kitchen that is Board of Health approved. The main building has an additional unit that needs finished. The single family home is leased plus there is a vacate lot for future parking needs. Tenants have access to large paved parking lot off East St via parking agreement.
    Exterior Features

    Acres 1/4-1/2 Acre Architectural Style Other Construction Materials WoodWood With Stone Foundation Details Block Lot Information Access AlleyAccess StreetBuslineSidewalks Structure Type Apartment Building Unit Parking Parking Lot

    Interior Features

    Rooms Total 0 Sq Ft Main Upper 0 Trans Type Sale

    Property Features

    Current Financing ContractConventional1031ExchangeOwner Disclosure Other Flood PlainNone Disclosures Not Applicable Green Certification YN No Inspection Warranties Not Applicable Laundry Common Lot Number 3 Lot Size 12632 Net Operating Income 45513 New Construction YN No Owner Pays InsHazardInsuranceInsurance Possession NegotiableTenantrights Property Attached YN No Property Sub Type 5+Units Commercial REORelocation YN No Semi Annual Property Tax Amt 1694 Tax Exemption None Tax Year 2019 Tenant Pays SecurityCable TvElectricityGasInsuranceAll UtilitiesWater Township Center Se

    Listing provided courtesy of Mark Dietel Realty, Llc. © 2021 Metropolitan Indianapolis Board of REALTORS®. Information Deemed Reliable But Not Guaranteed.


    © 2021 Metropolitan Indianapolis Board of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the BLC® listing service or The Indy Property Source | Keller Williams Realty.
     
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